As global economy recovers from Covid-19, there are several countries experiencing soaring inflation. We explore the most ...

Inflation in Venezuela for October of 2021 was 8.1% ... burning international reserves to keep the exchange rate without significant fluctuations,” the Observatory said. The price of the ...

using an average rate of 27 bolivars per dollar. The US driller has two other ventures with PDVSA and holds a minority stake in all four. Venezuela’s hydrocarbons law also compels companies to ...

In the submissions to Seniat, Chevron’s Petropiar venture filed the bolivar equivalent of about $217 million in income tax in 2023, while its Petroboscan venture filed for $83 million, using an ...

Venezuela's Central Bank reported year-over-year inflation of over 1,800%. For many, rummaging through garbage in search of food scraps or valuable items became a common activity. Locked out of ...

Unchecked inflation can topple a country’s economy, as it did in 2018 when Venezuela’s inflation rate hit more than 1,000,000 per cent a month. This caused the economy to collapse and forced ...

As inflation and bank rates fall, some mortgage rates are actually going up. We take a look at why fixed rates aren’t ...

Recent polls show that Venezuelans are overwhelmingly opposed to sanctions, with 65% against those implemented during Trump’s first term. This widespread refusal represents an essential viewpoint: ...

For example, Venezuela’s economic troubles have been accompanied by very high inflation rates, more than 2,800 per cent in 2017, according to the International Monetary Fund. At that rate the $2 cup ...

this reduces the likelihood that the central bank will continue lowering interest rates. As I’ve said many times before, there isn’t much presidents can do to reduce inflation, whatever their ...